88F JANUARY 31, 2026
The One Big Beautiful Bill (OBBB), officially designated as Public Law 119–21, is a major U.S. federal law signed by President Donald Trump on July 4, 2025.
Although commonly referred to as the "One Big Beautiful Bill Act," it has no official short title, as that was removed during the legislative process. The bill was passed using the budget reconciliation process, allowing it to bypass a Senate filibuster, and passed both chambers with narrow partisan votes—51–50 in the Senate (with Vice President JD Vance casting the tiebreaker) and 218–214 in the House—over universal Democratic opposition.
Tax Provisions
The law permanently extends the individual tax rates from the 2017 Tax Cuts and Jobs Act that were set to expire in 2025. It introduces several temporary tax deductions, including:
- Up to $12,500 ($25,000 for joint filers) for qualified overtime pay.
- Up to $25,000 per year in tax-free tips for workers earning under $150,000 (expires in 2028).
- Deduction of up to $10,000 in interest on auto loans for U.S.-assembled vehicles.
- A new $6,000 ($12,000 for couples) tax deduction for seniors aged 65+ (effective 2025–2028).
- Trump accounts, tax-deferred savings accounts for children, also expiring in 2028.
- Spending and Policy Changes
The bill significantly reshapes federal spending:
- Raises the debt ceiling by $5 trillion.
- Cuts Medicaid spending by 12%, contributing to an estimated 10.9 million Americans losing health insurance by 2034 (per CBO).
- Allocates $170.7 billion for immigration enforcement, including $75 billion to ICE over four years—$45 billion of which is for new detention centers.
- Increases defense spending by $150 billion and border enforcement by another $150 billion.
- Phases out clean energy tax credits from the Inflation Reduction Act and promotes fossil fuel development.
Economic and Social Impact
- The Congressional Budget Office estimates the law will increase the budget deficit by $2.8 trillion by 2034.
- It is projected to benefit high earners, with the top 10% seeing a 2.7% income rise by 2034,
- while the bottom 10% face a 3.1% decline due to reduced social spending.
- Critics describe it as the largest upward wealth transfer in U.S. history, and multiple polls indicate majority public opposition.
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From: v753sp6-restored-republic-via-a-gcr-update-as-of-january-31-2026.......
A Dutiful Citizen: For Post 88F, January 31, 2026, easier to read full post text here: https://bra.in/2v2Jye
From Wikipedia: According to Bernard Bailyn,
"The preservation of liberty rested on the ability of the people to maintain effective checks on wielders of power and hence in the last analysis rested on the vigilance and moral stamina of the people."
American revolutionaries took a lesson from Ancient Rome. They were determined to avoid the luxurious lifestyles and greed that had destroyed the Roman Empire.[7] A virtuous citizen was defined as one who ignored monetary compensation and made a commitment to resist and eradicate corruption. Republicanism required the service of those who were willing to give up their own interests for a common good.
Also see: Link to Rabbit Trail 07: https://bra.in/2p74nJ
w/c 983
Post 88F continued:
92). Link to “Rabbit Trails”: https://bra.in/2jkeVZ
93). Link to “President George Washington’s Farewell Address”:
https://bra.in/3qeogy
94). Link to my research summary on CONgress:
https://bra.in/6p6JaQ
95). Link to Rabbit Trail 07 Dictionary:
https://bra.in/3qz63b
96). Link to “Once Upon a Reset”:
https://bra.in/9qEAk8
Link to “Ireland”: https://bra.in/3pKM8B
UPDATED:
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